16 August 2012
The average cost of dwellings in Jersey is measured by the Jersey House Price Index. This index measures the combined weighted average price of 1 and 2-bedroom flats and 2, 3 and 4-bedroom houses.
The report for quarter 2 shows that the mix-adjusted average price of dwellings sold in Jersey was:
- similar to that recorded a year earlier, in Q2 2011
- 6% higher than in the previous quarter (Q1 2012)
- essentially the same as the average recorded over the longer-term period from 2008 to mid-2011
- the latest quarterly increase in mix-adjusted average price resulted from an increase in the mean prices of 1-bedroom flats and 4-bedroom houses (up by 7% and 9%, respectively, compared with Q1 2012) and particularly of the 2-bedroom flats which sold in the quarter (up by 18%)
- the turnover of properties sold in Q2 2012 was down by 9% compared with the first quarter of 2012 but was almost a third (30%) higher than a year earlier (Q2 2011)
Download House Price Index report Q2 2012 (size 664kb)
gov.je